KiRaCoCo on Nostr: Stablecoins like USDT and USDC are becoming the global digital dollars, while the ...
Stablecoins like USDT and USDC are becoming the global digital dollars, while the U.S. advances regulations that allow them to control the dollar without issuing an official CBDC. Tether, for example, is a major buyer of U.S. Treasury bonds, indirectly funding American debt.
In fragile economies like Argentina, Venezuela, and Nigeria, stablecoins are already replacing local currencies by providing stability and dollar access. In the short term, they seem more attractive than Bitcoin due to ease of use and lower volatility. However, in the long run, only BTC remains truly decentralized and resistant to inflation.
The key question is whether stablecoins are a bridge to Bitcoin or just a tool to reinforce dollar hegemony in a digital form. While USDT and USDC depend on the U.S. and can be censored, Bitcoin remains the only sovereign alternative. Are we witnessing the future of digital money, or just a new layer of financial control?
In fragile economies like Argentina, Venezuela, and Nigeria, stablecoins are already replacing local currencies by providing stability and dollar access. In the short term, they seem more attractive than Bitcoin due to ease of use and lower volatility. However, in the long run, only BTC remains truly decentralized and resistant to inflation.
The key question is whether stablecoins are a bridge to Bitcoin or just a tool to reinforce dollar hegemony in a digital form. While USDT and USDC depend on the U.S. and can be censored, Bitcoin remains the only sovereign alternative. Are we witnessing the future of digital money, or just a new layer of financial control?